Market Size 2023 (Base Year) | USD 115.98 Billion |
Market Size 2032 (Forecast Year) | USD 310.25 Billion |
CAGR | 10.3% |
Forecast Period | 2024 - 2032 |
Historical Period | 2018 - 2023 |
According to Market Research Store, the global pesticide and other agricultural chemicals market size was valued at around USD 115.98 billion in 2023 and is estimated to reach USD 310.25 billion by 2032, to register a CAGR of approximately 10.3% in terms of revenue during the forecast period 2024-2032.
The pesticide and other agricultural chemicals report provides a comprehensive analysis of the market, including its size, share, growth trends, revenue details, and other crucial information regarding the target market. It also covers the drivers, restraints, opportunities, and challenges till 2032
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Pesticides and other agricultural chemicals are substances used to protect crops from pests, diseases, and weeds while enhancing agricultural productivity. These chemicals include insecticides, herbicides, fungicides, and fertilizers, which play a crucial role in modern farming by improving crop yield and quality. Pesticides help control harmful organisms, while fertilizers provide essential nutrients to crops. However, excessive use can lead to environmental concerns such as soil degradation, water contamination, and health risks.
Key Growth Drivers
Restraints
Opportunities
Challenges
Report Attributes | Report Details |
---|---|
Report Name | Pesticide And Other Agricultural Chemicals Market |
Market Size in 2023 | USD 115.98 Billion |
Market Forecast in 2032 | USD 310.25 Billion |
Growth Rate | CAGR of 10.3% |
Number of Pages | 140 |
Key Companies Covered | Bayer Cropscience, Adama Agricultural Solutions Ltd., Syngenta AG, FMC Corporation, Marrone Bio Innovations Inc., Dow Inc., Certis USA L.L.C., bioworks inc., BASF SE, Corteva Agriscience |
Segments Covered | By Product Type, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2023 |
Forecast Year | 2024 to 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global pesticide and other agricultural chemicals market is divided by product type, chemical composition, formulation, application, end-user, and region.
Based on product type, the global pesticide and other agricultural chemicals market is divided into fertilizers, soil conditioners, pesticides, post-harvest chemicals, and plant growth regulators.
Fertilizers dominate the pesticide and other agricultural chemicals market as the most essential input for enhancing soil fertility and crop yields. These chemicals, including nitrogen, phosphorus, and potassium-based fertilizers, play a crucial role in ensuring global food security by replenishing soil nutrients. The demand for fertilizers is driven by the rising global population, increased agricultural productivity requirements, and government subsidies supporting their usage. Farmers rely heavily on fertilizers to maximize crop production, making this segment the largest in the market.
Pesticides follow as the second most dominant segment, playing a vital role in protecting crops from pests, weeds, and diseases. This segment includes insecticides, herbicides, and fungicides, which are crucial for preventing crop loss and ensuring higher yields. The increasing need for food safety, coupled with advancements in bio-based and eco-friendly pesticides, further drives market growth. The expansion of integrated pest management (IPM) techniques and stringent regulatory frameworks also shape the dynamics of this segment.
Plant growth regulators (PGRs) hold the third position, as they help modify plant physiological processes, including germination, flowering, and fruit development. This segment is gaining traction due to the growing interest in sustainable agriculture and precision farming. PGRs such as auxins, gibberellins, and cytokinins enhance crop performance and improve stress tolerance. The demand for these chemicals is increasing, particularly in high-value crops like fruits, vegetables, and ornamental plants.
Post-harvest chemicals rank fourth, serving as essential agents in prolonging the shelf life of harvested crops. These chemicals, including fungicides, ethylene blockers, and coatings, help maintain freshness, prevent spoilage, and reduce post-harvest losses. The growing demand for efficient storage and transportation solutions, especially in emerging economies, has contributed to the steady expansion of this segment.
Soil conditioners represent the least dominant segment, primarily used to improve soil structure, aeration, and water retention capacity. These products, including organic amendments, gypsum, and biochar, are gaining popularity due to increasing awareness of soil health and sustainable farming practices. However, the adoption rate remains relatively lower compared to other agricultural chemicals, as farmers prioritize immediate yield-boosting inputs like fertilizers and pesticides.
Based on chemical composition, the global pesticide and other agricultural chemicals market is divided into organic chemicals, inorganic chemicals, biopesticides, microbial pesticides, synthetic pesticides.
Synthetic pesticides dominate the pesticide and other agricultural chemicals market due to their high efficacy, broad-spectrum activity, and widespread use in large-scale commercial farming. These chemicals, including organophosphates, pyrethroids, and neonicotinoids, effectively control a variety of pests and diseases, ensuring higher crop yields. The global demand for synthetic pesticides remains strong due to their reliability, rapid action, and cost-effectiveness. However, concerns over environmental impact and regulatory restrictions are gradually influencing the market toward more sustainable alternatives.
Inorganic chemicals hold the second position, primarily comprising mineral-based compounds like sulfur, copper sulfate, and lime sulfur. These chemicals are widely used in traditional and modern agriculture for their effectiveness in disease and pest control. Inorganic pesticides and fertilizers are particularly important in conventional farming and regions with high soil degradation, as they help replenish essential nutrients. However, their long-term impact on soil health and water systems has led to increased scrutiny.
Biopesticides rank third, gaining traction as an environmentally friendly alternative to synthetic pesticides. Derived from natural sources such as plants, bacteria, and minerals, biopesticides offer targeted pest control with minimal ecological disruption. The growing adoption of organic farming and integrated pest management (IPM) strategies has fueled demand for biopesticides, especially in developed regions. However, factors such as high production costs and limited shelf life pose challenges to widespread adoption.
Microbial pesticides are a subset of biopesticides and occupy the fourth position in market dominance. These include bacteria, fungi, viruses, and protozoa that target specific pests while preserving beneficial organisms. Bacillus thuringiensis (BT) is one of the most widely used microbial pesticides in both conventional and organic agriculture. The rising awareness of sustainable agriculture and reduced chemical residues in food is driving the growth of this segment, although its effectiveness varies based on environmental conditions.
Organic chemicals form the least dominant segment, encompassing naturally derived compounds such as plant extracts, essential oils, and alkaloids. These chemicals are mainly used in organic farming and small-scale agricultural applications due to their lower toxicity and biodegradability. While demand is increasing with the shift toward sustainable agriculture, organic chemicals face limitations in scalability, persistence, and regulatory approvals, restricting their market share compared to other segments.
Based on formulation, the global pesticide and other agricultural chemicals market is divided into solid formulations, liquid formulations, granular formulations, pellets, and aerosols.
Liquid formulations dominate the pesticide and other agricultural chemicals market due to their ease of application, uniform coverage, and high effectiveness. These formulations, including emulsifiable concentrates (EC), solutions (SL), and suspension concentrates (SC), are widely used in modern agriculture for their rapid absorption and efficient pest control. Liquid formulations are preferred for foliar application, allowing for precise dosing and better penetration into plant tissues. Their versatility in both large-scale commercial farming and smallholder agriculture makes them the most widely adopted segment.
Granular formulations hold the second position, valued for their controlled-release properties and convenience in soil application. These formulations are commonly used for herbicides, fertilizers, and soil-applied pesticides, offering longer-lasting effects with reduced risk of drift compared to liquid sprays. Granules are particularly popular in crops like rice, corn, and sugarcane, where direct soil application enhances efficiency. Their demand is growing due to advancements in slow-release and coated granule technologies.
Solid formulations rank third, encompassing powders, dusts, and wettable powders (WP). These formulations are often used in seed treatment, foliar application, and disease control, providing extended shelf life and stability. While they are effective and relatively affordable, solid formulations require proper handling and mixing before application, limiting their adoption in large-scale mechanized farming.
Pellets come in fourth place, mainly used in specialized agricultural applications such as rodenticides, controlled-release fertilizers, and certain biopesticides. These compact formulations offer precise dosing, reduced environmental impact, and ease of storage. However, their niche applications and higher production costs limit their overall market share compared to other formulation types.
Aerosols represent the least dominant segment, primarily used for greenhouse farming, stored product protection, and household pest control. While aerosols provide quick and targeted pest elimination, their use in large-scale agriculture is minimal due to concerns over environmental emissions, safety regulations, and cost-effectiveness. Their demand remains limited to specific markets where precision application and convenience are key factors.
On the basis of application, the global pesticide and other agricultural chemicals market is bifurcated into foliar application, seed treatment, fertigation, soil application, and aerial application.
Foliar application dominates the pesticide and other agricultural chemicals market due to its efficiency in delivering nutrients and pesticides directly to plant leaves. This method ensures rapid absorption, immediate action against pests and diseases, and reduced chemical wastage. Foliar sprays are widely used for applying insecticides, fungicides, and micronutrients, making them a preferred choice for both large-scale commercial farming and smallholder agriculture. The ease of application, along with advancements in spray technologies, further strengthens this segment’s dominance.
Soil application holds the second position, primarily used for herbicides, nematicides, and soil conditioners. This method enhances plant health by directly targeting soil-borne pests and improving nutrient availability. Granular and liquid formulations are commonly applied through broadcasting or incorporation into the soil, ensuring long-lasting protection and nutrient release. Soil application is particularly effective in crops with deep root systems, such as sugarcane, cotton, and orchards.
Seed treatment ranks third, gaining popularity due to its role in protecting crops from pests and diseases at the early growth stages. This method involves coating seeds with fungicides, insecticides, or biological agents to ensure healthy germination and early plant development. Seed treatment reduces the need for later pesticide applications, making it a cost-effective and environmentally friendly approach. Its adoption is increasing in cereal crops, legumes, and vegetables.
Fertigation follows as the fourth most dominant segment, involving the application of fertilizers and pesticides through irrigation systems. This method allows for precise nutrient and chemical distribution, improving plant uptake while minimizing resource wastage. Fertigation is widely used in high-value crops such as fruits, vegetables, and greenhouse farming. However, its dependence on advanced irrigation infrastructure and higher initial costs limits its widespread adoption in traditional farming regions.
Aerial application is the least dominant segment, mainly used in large-scale commercial agriculture and plantations for rapid pesticide coverage over vast areas. This method is crucial for crops such as rice, wheat, and cotton, where ground-based applications may be inefficient. Drones and aircraft enable quick and uniform distribution of pesticides, but regulatory restrictions, high operational costs, and concerns over spray drift limit its broader market penetration. Despite these challenges, the adoption of precision agriculture and drone technology is gradually boosting the demand for aerial application.
Based on end-user, the global pesticide and other agricultural chemicals market is divided into agricultural sector, horticultural sector, forestry, public health, home and garden.
Agricultural sector dominates the pesticide and other agricultural chemicals market as the primary consumer, driven by the need to maximize crop yields and protect large-scale farming operations. This sector relies heavily on pesticides, fertilizers, and soil conditioners to ensure food security and meet the rising global demand for staple crops like wheat, rice, corn, and soybeans. The widespread use of herbicides, insecticides, and fungicides in commercial agriculture makes this segment the largest and most significant contributor to market growth.
Horticultural sector holds the second position, driven by the increasing demand for high-value crops such as fruits, vegetables, nuts, and ornamental plants. This segment benefits from advancements in biopesticides, plant growth regulators, and precision farming techniques. Horticultural crops require intensive pest and disease management due to their high susceptibility, leading to the steady growth of this segment, particularly in greenhouse and organic farming.
Forestry ranks third, with pesticides and other chemicals used for pest control, disease management, and vegetation control in commercial and conservation forests. Herbicides are commonly applied to manage invasive plant species, while insecticides help control tree-damaging pests like bark beetles. Although this segment is crucial for maintaining healthy forests and timber production, its market share remains smaller compared to agriculture and horticulture due to lower pesticide usage frequency.
Public health follows as the fourth most dominant segment, focusing on vector control and disease prevention. Insecticides play a crucial role in controlling mosquitoes, ticks, and other disease-carrying pests that spread malaria, dengue, and other infectious diseases. Governments and health organizations drive demand for this segment, particularly in tropical and subtropical regions. However, stricter regulations on chemical use and the rise of eco-friendly alternatives slightly limit market expansion.
Home and garden is the least dominant segment, catering to household consumers, landscaping, and small-scale gardening. This segment primarily includes pesticides for lawn care, ornamental plants, and pest control in residential areas. The demand for organic and eco-friendly products is growing in this sector due to consumer awareness of health and environmental concerns. However, its contribution to the overall market remains small compared to commercial agricultural and industrial applications.
Asia-Pacific stands as the most dominant region in the pesticide and agricultural chemicals market, driven by its vast agricultural base and the imperative to enhance crop yields for a burgeoning population. Countries like China and India are at the forefront, with China being the world's largest producer of crops and a significant manufacturer of crop protection products. The region's diverse climatic conditions present varied pest and disease challenges, necessitating a robust demand for effective crop protection solutions. Government initiatives focusing on food security and productivity further bolster the market, as does the adoption of modern farming practices and technologies aimed at maximizing yields on limited arable land.
North America holds a substantial share in the market, underpinned by advanced agricultural infrastructure and a high adoption rate of precision farming technologies. The United States, in particular, leads the region due to its extensive farming operations and significant production of crops like corn and soybeans. The market is also influenced by a shift towards sustainable farming practices and bio-based agrochemicals, driven by regulatory standards and consumer preferences favoring environmentally friendly products. Technological advancements in precision agriculture further enhance the efficient and targeted use of agrochemicals, addressing both productivity and sustainability concerns.
Europe accounts for a notable portion of the global market, characterized by stringent environmental regulations and a strong emphasis on sustainable agriculture. Key markets such as Germany, France, and Spain are transitioning towards bio-based agrochemicals in line with broader sustainability goals. The European Union's policies, including initiatives aiming to reduce chemical pesticide usage significantly by 2030, are propelling the demand for biopesticides and organic fertilizers. This regulatory environment encourages the development and adoption of environmentally friendly crop protection solutions, aligning with the region's commitment to sustainable farming practices.
Latin America is experiencing rapid growth in the agrochemicals market, with Brazil and Argentina as significant contributors. These countries possess extensive agricultural lands and are major exporters of crops such as soybeans, coffee, and sugarcane. The increasing global demand for these agricultural exports drives the consumption of agrochemicals, as farmers intensify production to meet international needs. However, the region faces challenges in balancing productivity with environmental sustainability, as potential regulations may impact future market dynamics.
The Middle East and Africa represent a smaller share of the global agrochemicals market but are witnessing growth due to investments aimed at boosting food security and reducing reliance on imports. Countries like South Africa, Egypt, and Saudi Arabia are focusing on agricultural modernization to overcome challenges such as limited arable land and water scarcity. Government initiatives and investments in agriculture are expected to drive the demand for agrochemicals, addressing food security and agricultural productivity in the face of climate variability and resource constraints.
The report provides an in-depth analysis of companies operating in the pesticide and other agricultural chemicals market, including their geographic presence, business strategies, product offerings, market share, and recent developments. This analysis helps to understand market competition.
Some of the major players in the global pesticide and other agricultural chemicals market include:
The global pesticide and other agricultural chemicals market is segmented as follows:
By Product Type
By Chemical Composition
By Formulation Type
By Application Method
By End-User
By Region
Based on statistics from the Market Research Store, the global pesticide and other agricultural chemicals market size was projected at approximately US$ 115.98 billion in 2023. Projections indicate that the market is expected to reach around US$ 310.25 billion in revenue by 2032.
The global pesticide and other agricultural chemicals market is expected to grow at a Compound Annual Growth Rate (CAGR) of around 10.3% during the forecast period from 2024 to 2032.
Asia-Pacific is expected to dominate the global pesticide and other agricultural chemicals market.
The global pesticide and agricultural chemicals market is driven by the increasing demand for higher crop yields, rising global population, and shrinking arable land. Technological advancements in precision farming, growing awareness of pest management, and supportive government policies further boost market growth.
Some of the prominent players operating in the global pesticide and other agricultural chemicals market are; BASF SE, Bayer AG, Syngenta Group, Corteva Agriscience, DowDupont, Chemchina, FMC Corporation, UPL Limited, ADAMA Ltd., Nufarm Limited, Sumitomo Chemical Co., Ltd., Zhejiang Xinan Chemical Industrial Group Co., Ltd., and others.
Pesticide and Other Agricultural Chemicals
Pesticide and Other Agricultural Chemicals
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